Surprised no-one has snapped up the 1000 pt. BCV

[mowog]

and people are saying how fast the resales go!! Now if Disney added a cemetary and included a plot with that many points I could maybe see going for it. But I probably couldn't afford the yearly dues after I was burried

 

[colleen costello]

That is a lot of points and a lot of dues! Someone who had lots of cash must have suddenly found themselves without lots of cash... ???

 

[Nick@ VB+OKW]

Originally posted by mowog
Now if Disney added a cemetary and included a plot with that many points I could maybe see going for it. But I probably couldn't afford the yearly dues after I was burried

.................

 

[bobbiwoz]

What's the maximum time that this could have been owned by the sellers, and does anyone remember the going price when BCV just came out?

Bobbi

 

[zulaya]

I think pre-sales began in Feb 2002 at $70 per point.

 

[bobbiwoz]

Since there are '03 banked points, but some used from '04, I guess ownership didn't go as planned. I hope they recoup their money, and had some great vacations in '02.

Bobbi

 

[profdsny]

Can those points be broken up and sold?

 

[Nick@ VB+OKW]

Originally posted by profdsny
Can those points be broken up and sold?

Only if Disney bought it back through ROFR. An individual buying it has to purchase the whole 1000 pt contract.

 

[lenshanem]

Where is this being sold off of? What is the use year? I would think DVC would buy this up and sell it as add on points?

 

[Cruelladeville]

Well, I could use a few more points, and if it's a good price...

 

[LIFERBABE]

I know it's my Use Year, March. I am on the waitlist and my guide has my downpayment, so Im hoping that this would be a good candidate for ROFR.

At $84 ppt Im sure DVC could make money on this contract. They pay 1 closing fee for 1000 points. There are 1000 banked points. If they broke it up and sold it, they could get quite a few add-ons and masters out of it, which may even garner some SSR add-ons also.

Does DVC actually pay maintenance fees on ROFR contracts or can they absorb those costs some other way?

 

[jaysue]

Can Disney offer to buy a contract in the resale or do they have wait for a arms length third party to do so before they could execute ROFR?

thanks
jaysue

 

[twotoohappy]

If the people really needed to sell it couldn't they have a friend put in an offer in for say 65 per point and have it go to ROFR? You have 10 days to back out of your contract anyways, so you'd still get your $$ back from the offer if Disney didn't snag it. With that many points, I'm sure Disney would take it. Not the most honest of ideas, but if the person needed to dump it quick

 

[Cruelladeville]

But, if you made an offer and it was accepted, you would have to come up with the $70,000, or at least a deposit, before it even went to ROFR. You would need to structure the offer so that it was a VERY good deal for Disney, such as the current owner will pay closing and all maintenance fees, and will pay @ $10 per point for all the points used in the current year, etc. Also, a low cost. It needs to be a GOOD deal for Disney to touch it, such as $70 a point. You also have to assume that many people are waiting for March points at BCV. If you are the only person waiting, Disney may let the large contract go by anyway. Disney only buys when they can turn it over quickly to some current members.

 

[goldilocks_63]

I don't see it?

Goldi

 

[nuthut]

Too bad the owner did not buy five 200 point contracts or something similar. It would be much easier to sell and probably worth more....

 

[lenshanem]

It would be a shame if their guide didn't bother to tell them they could split the points up. Maybe they didn't know?

 

[NancyDVC]

Now if I buy the 1000 point contract can I break it up for purposes of leaving it in my will? After all I wouldn't want my heirs to fight over who goes when.

And here I sit envying anyone who could afford a 1000 point contract. Oh, Oh I know it must be one of those Enron or Tyco types who used company funds to have fun instead of keeping the company afloat!
And now they have to sell-tsk, tsk, tsk. Too bad.

 

[fkj2]

And here I sit envying anyone who could afford a 1000 point contract. Oh, Oh I know it must be one of those Enron or Tyco types who used company funds to have fun instead of keeping the company afloat!

From the standpoint of a DVCer who enjoys the opportunity of ownership and the many memories created because of it, I would feel badly for someone who is in the position of having to sell and perhaps lose investment money, even though nearly all of us has been subjected to the stock market and losses the last couple of years.

I'd be reluctant to assume the reason for the sale; it may be of a medical nature or some other deeply personal need and basically, I'm just grateful I'm not in that position.